Nvidia's Mystery Upside: Will Its Q1 Show Stopper Turn Into a Q2 Blockbuster?
Portfolio Pulse from Anusuya Lahiri
Wedbush analyst Matt Bryson raises Nvidia's price target from $216 to $290, expecting the company to exceed current targets and offer a robust forward outlook. However, he questions the magnitude and nature of Nvidia's upside. The analyst's checks suggest strong activity in gaming and data center business, but H100 constraints may limit the magnitude of the upside.
May 22, 2023 | 8:12 pm
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Wedbush analyst raises Nvidia's price target, expecting strong Q1 results and forward outlook. However, questions the magnitude of upside due to H100 constraints.
The analyst expects Nvidia to exceed current targets and offer a robust forward outlook, which is positive for the stock. However, the magnitude of the upside may be limited due to H100 constraints. The raised price target and strong outlook suggest a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100